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‘A new era’: IMF slashes its global growth forecast.

The International Monetary Fund slashed its global growth forecast on Tuesday, as it warned that Donald Trump’s tariffs had caused the world economy to enter “a new era” of economic protectionism and “enormous” policy uncertainty.

Projected output was cut for Germany, France, Italy, UK, and the overall euro area – but Spain's forecast was revised upwards.

mediafaro.org/article/20250422

An aerial view of a coking tower belching a cloud of steam at the Thyssenkrupp steel mill on 8 April 2025 in Duisburg, Germany. | Photo by Sean Gallup/Getty Images
Euractiv · ‘A new era’: IMF slashes its global growth forecast.By Thomas Moller-Nielsen

Can the euro go global?

Since its birth in 1999, the euro has been a contender for global status. The euro is not about to supplant the dollar. But it may serve an increasingly important function.

If policymakers seize the moment, potentially epochal shifts in the global financial order could work to Europe’s benefit.

mediafaro.org/article/20250416

An illustration of binoculars with euro signs in them. | Illustration: Alberto Miranda
The Economist · Can the euro go global?By The Economist